KATHMANDU, Feb 14: Pure Energy has received approval from the Securities Board of Nepal (SEBON) to issue an Initial Public Offering (IPO).
With the approval granted on Friday, the company will issue 1.6 million shares worth Rs 160 million, representing 20 percent of its paid-up capital. The shares will be issued at a face value of Rs 100 per share.
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The company had applied for IPO approval in Magh (mid-January to mid-February) last year, and Nabil Investment Banking has been appointed as the issue manager.
